TSMC's Revenue Soars, Anthropic Eyes AI Chips, and Cohere-Aleph Alpha Merger - Daily AI Brief #430
April 11, 2026 -
Daily AI Brief
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Welcome to today's AI Brief.
TSMC has reported a 35% increase in revenue for the first quarter of 2026. Meanwhile, Anthropic is exploring the development of AI chips amid a market shortage. In other news, Cohere and Aleph Alpha are in merger talks, and Common Paper has introduced Gerri 2.0 to expedite contract negotiations.
Clio has launched AI agents designed for legal tasks, and Haast has secured $12 million to enhance AI marketing compliance. Additionally, OpenAI has halted its UK data center project, and the Renewable Power Accelerator has rebranded while expanding its AI solutions. Alibaba has invested $290 million in ShengShu for AI development.
Welcome to today's AI Brief.
TSMC has reported a 35% increase in revenue for the first quarter of 2026. Meanwhile, Anthropic is exploring the development of AI chips amid a market shortage. In other news, Cohere and Aleph Alpha are in merger talks, and Common Paper has introduced Gerri 2.0 to expedite contract negotiations.
Clio has launched AI agents designed for legal tasks, and Haast has secured $12 million to enhance AI marketing compliance. Additionally, OpenAI has halted its UK data center project, and the Renewable Power Accelerator has rebranded while expanding its AI solutions. Alibaba has invested $290 million in ShengShu for AI development.
TSMC Reports 35% Revenue Increase in Q1
TSMC announced a 35% increase in first-quarter revenue, driven by strong demand for AI applications, reaching T$1.134 trillion ($35.71 billion). Read more
Anthropic Explores Making AI Chips Amid Shortage
Anthropic is considering developing its own AI chips due to a market shortage, though it may continue buying them. The company has seen increased demand for its AI model Claude and has partnered with Google and Broadcom to improve chip capabilities. Read more
Cohere and Aleph Alpha Merger Talks Supported by German Government
AI companies Cohere and Aleph Alpha are reportedly in advanced merger discussions, with backing from the German government, to improve digital public services. Read more
Common Paper Unveils Gerri 2.0 for Faster Contract Negotiations
Common Paper has launched Gerri 2.0, a new system designed to speed up contract analysis and negotiations with enhanced features and collaboration with General Legal. Read more
Clio Launches AI Agents for Legal Tasks
Clio has introduced new AI agents for its platform, enhancing capabilities for legal tasks and workflows. These updates aim to improve efficiency and competitiveness in the legal tech market. Read more
Haast Secures $12 Million for AI Marketing Compliance
Haast has raised $12 million in Series A funding to enhance its AI-driven marketing compliance solutions. The funding round was led by Peak XV Partners. Read more
OpenAI Halts UK Data Centre Project
OpenAI has paused its Stargate UK data centre project due to high energy costs and regulatory challenges. The initiative was in collaboration with Nvidia and Nscale to boost AI capabilities in the UK. Read more
Renewable Power Accelerator Rebrands and Expands AI Solutions
The Solar Power Accelerator has rebranded to Renewable Power Accelerator to focus on electrifying heavy-duty transport in Europe with renewable energy solutions, including AI and Battery-as-a-Service. Read more
Alibaba Invests $290 Million in ShengShu for AI Development
Alibaba Cloud has led a $290 million investment in ShengShu to develop an AI world model focused on real-world simulations, with participation from TAL Education and Baidu Ventures. Read more
Sierra CEO Discusses Future of Software Interaction
Sierra CEO Bret Taylor spoke at the HumanX conference about the future of software interaction, highlighting a shift towards natural language prompts and introducing Ghostwriter, an AI agent for creating specialized task agents. Read more
C3 AI Introduces C3 Code for Software Development
C3 AI has launched C3 Code, a tool that automates software development by translating natural language into AI applications, aiming to streamline the process for analysts, developers, and data scientists. Read more
Berkshire Hathaway HomeServices Introduces AI BOSS
Berkshire Hathaway HomeServices The Preferred & Stouffer Realty has launched AI BOSS, an AI-enhanced leadership training program, to integrate AI tools into leadership development. Read more
Spirit AI Secures 1 Billion Yuan for Robotics
Spirit AI has announced a new funding round of 1 billion yuan to advance its AI robotics development, bringing its total funding to nearly 3 billion yuan in a month. Read more
Anthropic Restricts OpenClaw Creator's Access to Claude
The AI company Anthropic has temporarily restricted the creator of OpenClaw from accessing its AI model, Claude, due to concerns about AI technology use. Read more
Flik Launches Generative AI Agent with 50,000 Waitlist
Flik has unveiled a new generative AI agent that can create text, images, videos, and audio, attracting a waitlist of 50,000 users. The platform emphasizes safety and intellectual property protection for creators. Read more
Orca Security Report on AI Credential Leaks
A report by Orca Security reveals major AI credential leaks affecting 14,000 secrets across 487 organizations, with significant impacts on production environments. Read more
Revolut Introduces AI Financial Assistant in UK
Revolut has launched an AI assistant for its UK customers, offering features like spending insights and subscription management, while maintaining user privacy. Read more
OpenAI Launches $100/Month Pro Plan for ChatGPT
OpenAI has introduced a new $100/month Pro plan for ChatGPT, targeting users who require enhanced coding capabilities with the Codex tool. This plan offers increased Codex usage compared to the existing Plus plan. Read more
Accenture Invests in Replit for AI Software Development
Accenture has announced its investment in Replit, aiming to enhance AI-driven software development for enterprises. This collaboration seeks to streamline the software creation process using AI assistance and natural language prompts. Read more
CoreWeave and Meta Sign $21 Billion AI Infrastructure Deal
CoreWeave and Meta Platforms, Inc. have entered a $21 billion agreement to boost AI cloud capacity until 2032, leveraging CoreWeave's infrastructure and the NVIDIA Vera Rubin platform. Read more
SiFive Secures $400 Million for Data-Center Chips
SiFive has raised $400 million from Atreides Management, Nvidia, and others to advance its data-center chip technology. This funding boosts the company's valuation to $3.65 billion. Read more
Alibaba and China Telecom Open AI Data Center in China
Alibaba and China Telecom have opened a new data center in Shaoguan, China, equipped with 10,000 Zhenwu AI chips for AI training and inferencing. Read more
Amazon CEO Critiques Nvidia, Intel, and Starlink
In his annual letter, Amazon CEO Andy Jassy discusses competition with Nvidia and Intel, and announces Amazon's plans to launch a competitor to Starlink. Read more
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